Seychelles International Business Company (Ibc)
Seychelles International Business Company (IBC), is a flexible entity that enables corporations and individuals to conduct international business in an effective manner. IBC can be widely used for International Trade, as a Holding Company, Investment Company etc.
IBCs may conduct business in any part of the world including Seychelles. IBCs deriving assessable income in Seychelles will be subject to local tax.
4 Steps
Incorporate your business in 4 simple steps
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KEY FEATURES
Key Features Seychelles IBC
| Legal System | Common Law |
| Disclosure of Beneficial Owner to Registrar | No |
| Change in Domicile | Permitted |
| Non-English Language Names Allowed | Yes |
| Tax System | Territorial |
| Double Taxation treaty access | No |
| Minimum Shareholders | One |
| Minimum Directors | One |
| Types of Shares allowed | Registered shares |
| Corporate Directors Allowed | Yes |
| Company Secretary Required | No |
| Standard Authorized Share Capital | USD 100,000 |
| Minimum Paid Up Capital | USD 1 |
| Corporate Seal | No |
| Registered Office/Agent | Yes |
| Local Secretary | No |
| Local Directors | No |
| Local Meetings | No |
| Audited Accounts | No |
| Annual Filing of Returns | Yes |
| Annual Meeting | No |
| Meeting Location | If held, can be from anywhere in the world |
| Incorporation Time | 1-2 business days |
International Business Company Advantages
01
IBC can be incorporated within 1-2 days and start the business. The flexible structure allows the corporation to conduct international business in an efficient manner
02
Protection against confiscation or seizure
03
Shares may be issued for money or for other valuable consideration and can be issued in any currency
04
Directors and shareholders may be either a natural person or a corporate entity
WHY US
Seychelles IBC is one of the most popular offerings from Abacus. We have years of experience in helping our clients understand the product and use it to benefit them in the short and the long term. Especially when your business or personal interests are being overshadowed with fiscal or regulatory complexities, a zero tax IBC is ideal. IBC also works out to be lot cheaper and simpler if you are an international business traveller with short-term projects. Get in touch with us to know under which conditions you could opt for an IBC.
FAQS
Frequently Asked Questions
Can an IBC invest in Seychelles?
Yes, an IBC can invest in Seychelles to the extent permitted under section 5 of the IBC Act.
Must an IBC have an office in Seychelles?
No in fact an IBC can only lease its own offices in Seychelles for making or maintaining professional contact with counsel and attorneys, accountants, bookkeepers, trust companies, management companies, investment advisers or other similar persons carrying on business within Seychelles, or to prepare or maintain books and records of t hecompany within Seychelles.
Does an IBC need to file accounts?
An IBC must prepare their annual accounts, however, there is the optional requirement for filing of hte accounts.
What information and documents will you need from us to register the IBC?
- Name for the Company
- Proposed business activity
- Country of Operation
- Source of Funding
- Authorised Share Capital
- Authorised Currency
- Certified True Copy passport and proof of address of the Director(s)
- Certified True Copy passport and proof of address of the Shareholder(s)
Can an IBC have one Director and one Shareholder?
Yes it can, the same Director and Shareholder can be the same person or corporate entity.
What type of shares are allowed?
- Share(s) are in registered form.
- Share(s) can be issued at par value or at no par value.
- Issued share(s) normalyy come with voting and dividend rights.
- Classes of shares can be issued with different rights.
What will happen if annual renewal fees are not paid?
If our annual renewal fees are not paid we will not be able to pay the annual government fees. If the annual government fees are not paid the IBC will not remain in good standing and will eventually be struck off the register, and later it will be deemed dissolved. Once struck off the assets held by the IBC may be deemed to be vested in the state i.e. of Seychelles. A more immediate consequence is that you would not able to get a certificate of good standing to give to your bankers and other business partners.
What are your annual renewal fees?
Please email, skype or call us to get our fees. Every agent charges differently but our prices are competitive.
Can an IBC have its own offices in Seychelles?
Yes, an IBC can have its own office in Seychelles. it can own or lease offices to make or maintaining professional contact with counsel and attorneys, accountants, bookkeepers, trust companies, management companies, investment advisers or other similar persons carrying on business within Seychelles, or to prepare or maintain books and records of the company within Seychelles.
Does an IBC need to pay taxes?
No. An IBC is not subject to tax in Seychelles so there are NO taxes for an IBC to pay in Seychelles. Section 109 of the Seychelles International Business Companies Act (“Exemptions”) states that “A company incorporated under this Act or a shareholder thereof shall not be subject to any tax or duty on income or profits accruing to or deriving from such company or in connection with any transaction to which that company or shareholder, as the case may be, is a party.” An IBC will be required to pay taxes on revenues derived in Seychelles. Section 109 of the IBC Act does not refer to tax exemptions.
How quickly can we have an IBC?
We can usually register a new IBC within 24 hours,
However please do note that there can be slow-downs at the Registry which would be beyond our control but luckily those are rare. Also if you require authentication of documents (notarization, apostille etc) it will take a little longer to have the documents back.
Is there a minimum share capital requirement?
There is no minimum share capital requirement however in practice we set the minimum as 1 unit of any international currency. The typical minimum used by our clients is United States Dollar One and other commonly authorized and issued amounts are 5000 and 100,000 United States Dollars.
Can we get an online gaming or online gambling license for my IBC?
While Seychelles has legislation to license and regulate online gaming (and online gambling) this business is not allowed at present. This is because the Seychelles regulators do not have the expertise and capability to regulate such businesses.
You are not even allowed to get a license elsewhere for your Seychelles IBC because online gaming and gambling are licensable activities in Seychelles and an IBC is not permitted to operate such businesses without a Seychelles license
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